Inflation can be measured in different ways, and is usually done by measuring prices and comparing them over time in a price index.
The Consumer Price Index (CPI) is presented once a month and is a comparison figure that measures the general price level in Sweden.
Statistics Sweden, Statistics Sweden, began to report for the first time a new indicator for inflation, called “fast-cpi”. The indicator is reported a week before the ordinary inflation message. The fast-cpi also includes the KPIF measure where the figures are not affected by changed interest rates for household mortgages and CPIF-XE where energy prices are also counted off.
In the euro countries, there have long been similar early inflation notice and according to Statistics Sweden, there was a strong demand for faster data on the economy that was behind the introduction.
CPIF shows the same price development as the CPI, but without the direct effects of a changed monetary policy. KPIF has been the Riksbank’s target variable for the inflation target since September 2017.
Source: TT/SCB